Question : Statement 1: The Industrial Policy Resolution of 1956 emphasized the development of large-scale industries in India.
Statement 2: The resolution aimed to encourage private investment in key industries.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
Statement 1 is true. The Industrial Policy Resolution of 1956, also known as the Nehru-Mahalanobis model, aimed to promote the development of large-scale industries in India. The focus was on the establishment of a public sector-led industrial base to support economic growth and self-sufficiency.
Statement 2 is false. The Industrial Policy Resolution of 1956 did not specifically aim to encourage private investment in key industries. Instead, it emphasized the importance of the public sector and state intervention in the industrialization process. The policy advocated for the establishment of public sector enterprises and state control over key industries.
Therefore, statement 1 is true, as the Industrial Policy Resolution of 1956 emphasized the development of large-scale industries. Statement 2 is false, as the policy did not aim to encourage private investment in key industries.
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